YEREVAN, February 14, /ARKA/. Armenia’s crediting organizations’ net profits swelled last year by 12.5% from 2009 or 538.7 million Drams to 4.8 billion Drams.

According to an analysis, made by ARKA news agency, the leading organization in terms of net profit growth was Aregak. Its net profit grew 58.2% year-on-year to almost 1.4 billion Drams. The organization accounted for 28.7% of the aggregate net profits of all crediting organizations.

The top five organizations by size of net profits comprised also Norvik - 250 million Drams in net profits and 21.2% of the aggregate net profits, Finka – 374.2 million Drams and 7.7% respectively, ACBA Leasing – 292.4 million Drams and 6% and the National Mortgage Company – 285.7 million Drams and 5.3%). There are 32 crediting organizations in Armenia operating 62 branches. ($1 – 364.02 Drams). -0-

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The combined capital of Armenian crediting organizations increased by 6.04% in the Q3 to 35.2 billion Drams as of September 30.

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The total amount of Armenian crediting organizations’ liabilities contracted by 3.9% in the third quarter of 2010 to 53.8 billion Drams

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In the third quarter of 2010 the combined assets of Armenian crediting organizations contracted by 0.15% or 133.8 million Drams to 89.3 billion Drams.

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Volume of credit funds, issued by Armenian crediting organizations to resident borrowers, grows to 76.3 billion drams

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Total capital of Armenian crediting organizations grows 6.7% to 32.4 billion drams.

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The total capital of Armenia’s crediting organizations grew by 2.61% in the second quarter of 2010 or by 846.5 million Drams to 33.2 billion Drams.

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